On Thu, May 2, 2013 at 3:50 AM, Melvin Carvalho <melvincarvalho@gmail.com>wrote: > > The hard thing with a distributed ledger is synchronization of the > network. This is why proof of work is smart because it gives the network > time to adjust and avoids race conditions, the most important of which is, > double spend. > Yes, and Bitcoin's solution to the double spend problem is completely brilliant. At the other end of the spectrum is, perimeter security around a trusted central ledger. Bitcoin ain't nothing but a ledger. And for all of us with paralyzing chicken or egg problems, this: http://www.youtube.com/watch?v=DYL_9onwTAI
Received on Thursday, 2 May 2013 14:45:47 UTC